Europe Braces for a Winter Energy Crisis as Gas Reserves Run Low
After months of elevated energy prices, Europe can expect fuel costs to continue rising through the winter months as demand grows. Ongoing energy trade constraints and threats to energy infrastructure across the Middle East are expected to limit global energy supplies and continue to drive up prices
Source: OilPrice.com
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DW NOTE
Europe's gas storage fell to 71% capacity entering October — nine percentage points below the five-year average for this date. The continent burned through reserves at twice the normal rate last winter and never rebuilt the buffer. When you run a just-in-time energy policy for an entire continent, one cold snap becomes an economic emergency.